Morning chart- CRM triangle.

Hello Everyone,

CRM has formed a triangle pattern on the 2 box P&F chart.

A break above the 70 area or the 65 on the downside could trigger a bigger move. Earnings due around May 20th and a low IV might suggest longer calls or puts in place of stock for this trade.

Stock is also in a current squeeze on regular chart with volatility bands and looks ready to move.

Subscribers please check website as we have important information regarding the ETF model!

CRM  Chart:

Posted to Stock & Option Scout on Apr 20, 2015 — 8:04 AM

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